On May 8, 2025, Bumble (BMBL, Financial) experienced a noteworthy change in its price target as reported by RBC Capital. The analyst Brad Erickson decided to maintain the "Outperform" rating on Bumble's stock. However, Erickson lowered the price target from $7.00 to $5.00, indicating a new 28.57% drop in the target price.
This adjustment reflects a significant change in the investment bank's outlook for Bumble (BMBL, Financial) despite the stability of the rating itself. The previous price target was set at $7.00, and with the new target at $5.00, investors may need to reassess their expectations regarding the stock's future performance.
The decision by RBC Capital to maintain the "Outperform" rating signifies that the analyst still sees potential for Bumble (BMBL, Financial) to perform better than the broader market despite the lowered price target. The current valuation and market conditions may have contributed to this update, providing investors with a new perspective on the potential risks and opportunities associated with Bumble.
Investors following Bumble (BMBL, Financial) should keep in mind these changes when making investment decisions, staying informed on further updates from RBC Capital and other analysts regarding the company's performance and market position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Bumble Inc (BMBL, Financial) is $5.55 with a high estimate of $9.00 and a low estimate of $4.50. The average target implies an upside of 3.42% from the current price of $5.37. More detailed estimate data can be found on the Bumble Inc (BMBL) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Bumble Inc's (BMBL, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Bumble Inc (BMBL, Financial) in one year is $22.70, suggesting a upside of 322.72% from the current price of $5.37. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bumble Inc (BMBL) Summary page.
